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Chapter 6
Question | Answer |
---|---|
Advertising | Non personal communication to the target market |
Competition | A situation where more than one business attempts to meet a particular need of the same target market |
Customer | A person, organization, or a business who has or who will buy a particular product or service |
Marketing | Process associated with promoting for sale goods or services |
Niche | Defines your product / service characteristics and your position within the market as compared to other business serving a similar market |
Promotion | Activities that stimulate the demand for a product and / or a service |
Survey | Activities that focus on the gathering of information |
Target Market | The individual, organization, or business that has the most need for a product and or service, and has the financial resources to purchase the product and or service |